As of last week of Oct the price of the Triethylamine (TEA) in the global market witnessed a notable rise. This surge in the TEA price is majorly attributes to the rise in the demand from the downstream market despite underperformance in the feedstock price majorly Ammonia and Ethanol. However the suppliers are witnessing deficit in the supply and the demand ratio due to which the price is influencing marginal upturn in the TEA price.
In China, TEA prices showed a marginal rise, now positioned at xxxx USD/MT FOB-Qingdao, following a period of consecutive price reductions. This slight uptrend in the TEA price aligns with suppliers gradually increasing inventory levels, reflecting a sense of price correction after ongoing declines. The supply chain saw notable shifts, as increased urea-to-ammonia conversion ramped up ammonia availability, contributing to a downward pull-on ammonia prices. Concurrently, raw corn prices continued their decline,...
